An artificial intelligence model predicts that Ethereum (ETH) could trade around $2,140 on June 1, 2026, as the cryptocurrency attempts to stabilize after recent weakness.
Ethereum price may be flashing weakness, but smart money appears increasingly unfazed. As ETH price trades under pressure and momentum slows, some of the market's biggest wallets are quietly accumulating again, a move that historically tends to matter. The disconnect is raising fresh speculation across the market.
Ethereum slipped below $2,000 to its lowest since late March as whale shorts and a 0.89 long/short ratio signaled rising bearish pressure.
Ethereum faces a critical setup as crowded positioning raises the risk of sharp market moves.
Ethereum price holds buy wall support as ETH faces sell walls near $2,120 and $2,230 after long liquidations.
BitMine has topped up its large Ethereum holdings with another major purchase spotted earlier today according to data provided by blockchain monitoring firm, Lookonchain.
Ethereum is struggling to push above $2,000 as the market prepares for a decisive move that participants on both sides of the trade increasingly recognize as imminent. The price is compressing — and CryptoQuant data has identified a development in the derivatives market that explains why the current level feels like more than a routine resistance test.
The crypto market is going through a fragile phase, marked by persistent selling pressure on Ether. In this context, Ethereum attracts analysts' attention, as several technical signals indicate a short-term risk of decline.
On-chain data shows large wallets on the Ethereum network have continued to accumulate despite the price decline that the asset has faced. Ethereum Holders With At Least 100,000 ETH Now Control 22% Of Supply According to data from on-chain analytics firm Santiment, the Ethereum investors owning at least 100,000 ETH have been accumulating recently.
Bankless co-founder David Hoffman recently sold the last of his Ethereum holdings, saying the investment case for ETH had largely played out. That exit came the same week Bit Digital went the other direction — dropping $20 million to add more to its already substantial Ethereum stash.
Ethereum whales boosted holdings sharply as analysts warned of deeper downside risks ahead
Nansen believes that ETH's weakness goes beyond short-term macro pressure, but there's more to the story.